TechFlow news, Binance has announced it will suspend IOTX deposits and withdrawals on April 3 at 8:00 AM (UTC+8) to support the IoTeX network hard fork upgrade. As a leading DePIN infrastructure project, IoTeX has been making frequent moves recently, and this fork may be related to its upcoming 2.0 strategy.
It is reported that IoTeX's upgrade will increase the block gas limit to 50M, enabling processing speeds of up to 1,000 TPS. Additionally, a new on-chain governance mechanism will be introduced, laying comprehensive technical and governance groundwork for IoTeX 2.0.
As a recognized leader in DePIN infrastructure, IoTeX has built an entire suite of blockchain infrastructure connecting to the physical world over years of development. It has created a decentralized and privacy-preserving open data stack capable of providing AI training with the most essential real-world data support. With the rollout of IoTeX 2.0, AI + DePIN could be poised for accelerated growth.
Previous report, Binance will support the IoTeX (IOTX) network upgrade and hard fork on April 3.
